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David Tepper

David Tepper Appaloosa LP

AUM $5.93B
1-Year Est. Return 44.55%
 

David Tepper, founder of Appaloosa Management, is a billionaire hedge fund manager renowned for his expertise in distressed debt investing and contrarian bets. He is known for high-risk, high-reward strategies that have generated significant returns, such as investing in struggling banks during the 2008 financial crisis. His investment philosophy emphasizes deep value analysis, understanding market psychology, and making high-conviction decisions, often going against prevailing sentiment.

This Fund
S&P 500
This Quarter Est. Return
-8.63%
1 Year Est. Return
+44.55%
3 Year Est. Return
+188.72%
5 Year Est. Return
+296.74%
10 Year Est. Return
+1,042.31%
AUM
$3.41B
AUM Growth
-$5.85B
Cap. Flow
-$4.93B
Cap. Flow %
-144.51%
Top 10 Hldgs %
83.64%
Holding
30
New
3
Increased
8
Reduced
6
Closed
5

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$845M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$272M
3
MU icon
Micron Technology
MU
+$231M
4
BABA icon
Alibaba
BABA
+$223M
5
META icon
Meta Platforms (Facebook)
META
+$185M

Top Sells

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$20.5M
2
I
INTELSAT S. A.
I
+$11.5M
3
CNC icon
Centene
CNC
+$6.7M
4
COOP
Mr. Cooper
COOP
+$5.73M
5
HUM icon
Humana
HUM
+$5.72M

Sector Composition

Rank Sector Weight
1 Communication Services 32.23%
2 Consumer Discretionary 23.67%
3 Technology 21.48%
4 Healthcare 8.54%
5 Utilities 7.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOOG icon
1
Alphabet (Google) Class C
GOOG
$4.19T
$542M 15.88%
8,898,000
+4,598,000
+107% +$272M
META icon
2
Meta Platforms (Facebook)
META
$1.53T
$503M 14.73%
2,825,000
+975,000
+53% +$185M
AMZN icon
3
Amazon
AMZN
$2.94T
$460M 13.47%
5,300,000
+1,600,000
+43% +$148M
AABA
4
DELISTED
Altaba Inc
AABA
$270M 7.9%
13,838,684
+12,788,684
+1,218% +$845M
MU icon
5
Micron Technology
MU
$981B
$257M 7.53%
6,000,000
+5,100,000
+567% +$231M
AGN
6
DELISTED
Allergan plc
AGN
$218M 6.38%
1,295,000
– –
BABA icon
7
Alibaba
BABA
$306B
$217M 6.37%
+1,300,000
New +$223M
PCG icon
8
PG&E
PCG
$38.1B
$181M 5.3%
18,110,523
+1,282,508
+8% +$19.4M
CZR
9
DELISTED
Caesars Entertainment Corporation
CZR
$131M 3.82%
11,200,000
– –
ET icon
10
Energy Transfer Partners
ET
$71.6B
$76.6M 2.24%
5,857,027
+4,500
+0.1% +$62.7K
AVGO icon
11
Broadcom
AVGO
$1.98T
$75.9M 2.22%
+2,751,020
New +$78.2M
CRM icon
12
Salesforce
CRM
$162B
$74.2M 2.17%
500,000
– –
AMLP icon
13
Alerian MLP ETF
AMLP
$13.3B
$59.9M 1.75%
1,310,000
– –
ADBE icon
14
Adobe
ADBE
$105B
$56.6M 1.66%
205,000
+93,000
+83% +$27.2M
TMUS icon
15
T-Mobile US
TMUS
$192B
$55.1M 1.62%
700,000
– –
UNH icon
16
UnitedHealth
UNH
$365B
$54.3M 1.59%
250,000
-85,000
-25% -$20.5M
VST icon
17
Vistra
VST
$48.6B
$46M 1.35%
1,719,100
– –
LNG icon
18
Cheniere Energy
LNG
$54.8B
$25.9M 0.76%
410,000
– –
XOP icon
19
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
$24.6M 0.72%
275,000
-50,000
-15% -$4.71M
HUM icon
20
Humana
HUM
$44.8B
$19.2M 0.56%
75,000
-20,391
-21% -$5.72M
BA icon
21
Boeing
BA
$184B
$11.4M 0.33%
+30,000
New +$10.7M
CWEN icon
22
Clearway Energy Class C
CWEN
$7.08B
$10.9M 0.32%
597,295
-102,905
-15% -$1.82M
COOP
23
DELISTED
Mr. Cooper
COOP
$6.93M 0.2%
652,500
-637,500
-49% -$5.73M
CWEN.A
24
DELISTED
Clearway Energy Class A
CWEN.A
$3.03M 0.09%
174,962
-35,238
-17% -$595K
CNC icon
25
Centene
CNC
$32.1B
– –
-127,815
Closed -$6.7M
1
2

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David Tepper's Q3 2019 Portfolio in Review

As of Q3 2019, David Tepper held 30 positions worth $3.41B, down 63% from $9.26B the previous quarter. Its ten largest holdings account for 84% of the portfolio.

David Tepper withdrew a net $4.93B in Q3 2019, closing 5 positions and reducing 6 holdings. Its most notable exit was INTELSAT S. A., an estimated $11.5M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 32% of assets, up from 6.9% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, David Tepper opened a new position in Alibaba worth $217M.

  • David Tepper's largest Q3 2019 buy was Alibaba: 1,300,000 shares worth $217M.
  • David Tepper added most to Altaba Inc in Q3 2019, an estimated $845M increase.
  • David Tepper's biggest Q3 2019 reduction was UnitedHealth, cutting an estimated $20.5M.
  • David Tepper fully exited INTELSAT S. A. in Q3 2019, selling an estimated $11.5M.
  • David Tepper's ten largest holdings make up 84% of its $3.41B portfolio in Q3 2019.
  • David Tepper opened 3 new positions and closed 5 in Q3 2019.
  • David Tepper's portfolio value fell 63% quarter-over-quarter to $3.41B.

Based on Appaloosa LP's 13F filing for Q3 2019, filed 14 Nov 2019.